Thursday, December 14, 2017 1:54:07 PM
lET'S SAY IT IS A FINANCIAL INSTRUMENT THAT PRODUCES rev'S SO THEY HAVE THOSE REV'S AUTO DEPOSITED AT THE END OF THE YEAR ONE PERSON TAKE THEIR 1099 TO AN ACCOUNTANT. whoopie
SAME WITH OIL AN GAS IF THEIR INTERESTS ARE orri THAT THEY AGAIN HAVE AUTO DEPOSITED, SO THEY GET A 1099 FOR EACH INTEREST AND AT THE END OF THE YEAR TAKE IT TO AN ACCT...........
I get aprox 75-100 1099's each year and it really doesn't require that much work to open all the 1099's at the end of the year get em together and take em to my CPA.
And if these companies did nothing but clip coupons or have check auto deposited a very small hand full of people could do it all.
If it is not an truly ACTIVE but passive type thing, there wouldn't be much as far as deductions ect that would require much work from the hand full doing it.
And A&M could be doing it now
again sorry for the caps
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